Honda increases full-year operating profit projection on Asia sales

Honda Motor on Wednesday raised its projection for full-year operating profit by 2.8 percent as it anticipates to sell more vehicles and bikes this year, especially in Asia, while it likewise sees cost reductions and a weaker yen increasing its bottom line.

Japan’s third-biggest automaker prepares for an operating profit of 745.0 billion yen ($6.54 billion) in the year to March, that is boost from a previous projection of 725.0 billion yen because of stronger vehicle sales in China, and it also anticipates motorcycle sales in India, Indonesia and Vietnam to keep boosting.